News

01:24 PM
Connect Directly
Google+
Twitter
Facebook
RSS
E-Mail
50%
50%

Credit Suisse AES Integrates with TradingScreen for Listed Futures

With buy-side firms ready to extend electronic trading in equities over to multiple asset classes, Credit Suisse AES (Advanced Execution Strategies) is expanding its algorithmic trading products into listed futures. This week, Trading Screen, the operator of a multi-product trading platform, announced that Credit Suisse AES (Advanced Execution Strategies) for the listed futures m

With buy-side firms ready to extend electronic trading in equities over to multiple asset classes, Credit Suisse AES (Advanced Execution Strategies) is expanding its algorithmic trading products into listed futures.

This week, Trading Screen, the operator of a multi-product trading platform, announced that Credit Suisse AES (Advanced Execution Strategies) for the listed futures markets have been integrated into TradingScreen's full suite of trading products.According to Manny Santayana, Head of AES Sales, Americas, Credit Suisse has been in beta test mode for both AES Futures and Options. In addition, Credit Suisse is in the embryonic stages for AES FX on the European continent and in North America.

On the buy-side, Credit Suisse is beta testing with hedge fund clients and large mutual fund complexes. "You tend to look for innovative, cutting-edge clients that have a tolerance and enjoy product development," says Santayana in an interview with Wall Street & Technology and Advanced Trading.

"With this integration, buy-side clients will have the ability to direct trades to Credit Suisse across futures and equities using the front-end accessing Credit Suisse's full range of global connectivity, whether it is DMA, discretionary or algorithmic," stated Michael Chin, global head of sales at TradingScreen in the release.

There are several reasons why AES chose to integrate with TradingScreen. "They have a global presence and futures is a very strong market on the European continent," says Santayana. Second, in the last three years, Trading Screen has developed a stronger presence in the U.S., he notes. "We think that will give us very quick distribution to a large market," adds the AES executive.

According to the release, Credit Suisse AES for Futures has been integrated into Trading Screen Futures HUB, which already has 19 brokers offering services for futures and options electronically. FuturesHUB permits the buy-side to use the same platform across multiple brokers, products and exchanges with one single screen and connection. FuturesHub also supports phone orders and is backed by 24-hour, 6 day a week customer support and infrastructure.

"FuturesHUB is resolving one of the most difficult issues faced by the buy-side client trading futures and options electronically, stated Philippe Buhannic, president and CEO of Trading Screen in the release, citing "the multiplicity of screens and the complexity of post-trade management which results from it."

However, Credit Suisse is vendor agnostic, underscores Santayana. "We have a strategy to establish those relationships for multi-asset classes with all vendors that have a presence anywhere and everywhere, which has been fundamental to our success." Currently Credit Suisse has close to 50 relationships with front-end providers including Bloomberg and all the OMS providers that want to deploy the AES product for futures, options and FX.

As buy-side firms become more hedge-fund like in seeking alpha (excess market returns), they are creating strategies that combine both equities and derivatives transactions as well as FX. Since the buy-side has adopted algorithmic trading to obtain best execution in equities with low or no market impact, it makes sense to pair that with listed futures trading. In fact, one reason why AES is expanding into futures is because the buy side is hedging with futures strategies in conjunction with the algorithmic trading they're already doing with AES n equities, confirms Santayana. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Janice, I think I've got a message from the code father!
Current Issue
Security Operations and IT Operations: Finding the Path to Collaboration
A wide gulf has emerged between SOC and NOC teams that's keeping both of them from assuring the confidentiality, integrity, and availability of IT systems. Here's how experts think it should be bridged.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.

Dark Reading Radio
Archived Dark Reading Radio
In past years, security researchers have discovered ways to hack cars, medical devices, automated teller machines, and many other targets. Dark Reading Executive Editor Kelly Jackson Higgins hosts researcher Samy Kamkar and Levi Gundert, vice president of threat intelligence at Recorded Future, to discuss some of 2016's most unusual and creative hacks by white hats, and what these new vulnerabilities might mean for the coming year.